When your organization has questions about its contracts, answers can’t come quickly enough.  

Whether you’re trying to ensure contractual compliance with new regulations and corporate policies, accelerate sales and partnership deals, or wring every financial benefit from your existing vendor agreements, your success depends on getting fast, accurate answers to the questions you have. 

This is why Evisort is constantly innovating our AI-native contract intelligence platform to deliver precisely the answers you need, reliably, securely, and easily. Our latest AI enhancements take the science and benefits of answering your questions to entirely new heights.

Here’s what’s new:

1. Get answers across all your contracts at once

Evisort’s popular conversational experience (“Ask AI”) just got a major upgrade. 

Released in mid-2023, Ask AI lets you ask questions about your contracts in simple, natural language and get clear, reasoned answers almost instantly. It provides links to the specific contract provisions that informed the answer, so you can act with confidence every time. 

Now, Ask AI lets you ask questions across all the contracts in your Evisort repository at once, or limit the scope to specific groups of documents. This puts all the answers you need at your fingertips, faster than ever. 

Let’s say you need to know whether you’ve ever previously agreed to a mutual indemnity provision with a particular type of business partner. Just choose which types of agreements you want to query (for example, integration partners), ask your question, and get the answer in seconds, linked to key examples.

Plus, as creative users have already found, Ask AI can calculate amounts and dates (like renewals and deadlines that aren’t expressly stated in the agreement), summarize complicated terms in simpler language, and rank or rate contract terms as desired (for example, score the risk of a term on a scale of 1-5 based on your criteria).

Ask AI complements Evisort’s longstanding Advanced Search and Custom Dashboard reporting capabilities with its natural-language interface and ability to deliver answers as clearly-worded statements, ready to be shared with other teams and departments to support quick action and drive great business outcomes. 

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2. Build your virtual playbook, just by asking questions

As part of our latest enhancements, Evisort now lets users save, group, and share their Ask AI questions across teams. The implications of this seemingly straightforward enhancement are actually quite profound. Here’s why. 

Organizations benefit from consistency in their contract analysis, but drafting corporate contracting playbooks takes substantial time and effort, and playbooks can quickly become out of date as new regulations and changing corporate policies emerge. With these enhancements, Evisort lets organizations effectively create and maintain virtual playbooks just by applying the real questions team members ask every day.

With Ask AI, there’s no need to rely on one person to build these resources. Everyone on your team can contribute, and insights build up in real time. For example, you can save a group of key questions about third-party data security risk that can be easily applied to any vendor contract being analyzed – both before and after signature.

This simple, consistent approach helps you analyze contracts without extensive programming or planning, making comprehensive risk assessment more adaptable and collaborative.

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3. Turn your questions into AI models, faster and more easily

Want to proactively track every term of interest across all your contracts? Evisort’s Document X-Ray™ takes your Ask AI questions and turns them into custom AI models that run across your contracts. And now, it’s easier than ever to use.

Introduced in January 2024, Document X-Ray complements Evisort’s pre-trained contract AI models that automatically extract standard contract terms by making the platform fully customizable to meet the needs of different business teams across any vertical industry.

Financial organizations can track contract language related to know-your-customer and anti-money-laundering regulations. Healthcare organizations can track HIPAA compliance language and the currency of physician credentials. Marketing teams can track publicity rights and business development teams can track change of control and indemnification provisions that impact mergers and acquisitions. Document X-Ray enables the use-case specificity that most contract management solutions simply can’t provide. 

Evisort’s latest AI enhancements make Document X-Ray even more powerful and easier to use. Before publishing any new AI model, Document X-Ray now runs hundreds of experiments in mere seconds to ensure optimal accuracy and reliability. It chooses the best generative AI technology for the task – whether that’s Evisort’s own large language model or a third-party LLM securely incorporated into our platform. 

Document X-Ray also now suggests refinements to the language of the question to improve the results, so users can publish models with high levels of accuracy, without having to be skilled prompt engineers. 

Below, Document X-Ray has automatically drafted a more detailed prompt to successfully identify ESG provisions in supplier contracts, and create a standard data point for each contract analyzed. 

By automatically suggesting stronger prompt questions, Document X-Ray is a great example of how generative AI can make it easy for everyday users to gain the fullest benefits from their use of technology to streamline operations and analysis. 

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Future-proof your contract analysis

Implementing a contract intelligence or contract lifecycle management (CLM) solution is an important step for any organization. Be sure the platform you choose not only addresses your current challenges but also sets the foundation for the future of your contract management.

Evisort’s commitment to responsible, customizable AI and continuous innovation ensures you’ll always be able to analyze and manage your contracts efficiently and comprehensively. Whether you’re in legal operations, contract management, or a business leadership role, Evisort empowers you to take full control of your contracts, turning them into a strategic asset.

Put another way, your organization will never run out of new questions to ask. So, at Evisort we’ll keep innovating how best to deliver you the answers you need. 

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Want to see Evisort’s new AI enhancements in action? Join us for a live webinar on Tuesday, September 24. Bring your best questions! We’ll have the answers.